But because of bitcoin mining, it has already exceeded the allotted amount of hydropower in December and January, reported Bloomberg, citing a local newspaper. Some residents have complained that their electricity bills have increased by as much as $ 300, noted the report. The city council said it …Google Alert – bitcoin

Lately, miners have flocked to Iceland, known for its relatively moderate climate and the abundance of hydropower. In fact, bitcoin mining energy consumption is set to exceed private consumption, an energy expert told the BBC. And according to the Bitcoin Energy Consumption Index, global energy …Google Alert – bitcoin

In an attempt to tackle expensive bitcoin transaction fees and slow processing times, two leading cryptocurrency exchanges, Coinbase and Bitfinex, announced Tuesday they have rolled out a software update that they hope will address mounting concerns. The update, called Segregated Witness …Google Alert – bitcoin

Bitcoin is much more expensive than gold to store with a third-party custodial service, but there's a good reason for that discrepancy. On Monday, the Motley Fool published an article analyzing how the cost of storing physical gold bars compares to storing bitcoin — the new “digital gold” with a third-party …Google Alert – bitcoin